The U.S. Department of Housing and Urban Development (HUD) on Friday announced that it will issue $1.7 million in new funding to assist the city of Asheville, North Carolina, with its ongoing recovery efforts stemming from flooding and other damage caused by Hurricane Helene in late September. “Funding announced today — which will support the…
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Unfortunately for the Federal Reserve and voters looking for clarity ahead of next week’s presidential election, the October jobs report paints a murky picture of the nation’s economic status. Data released Friday by the U.S. Bureau of Labor Statistics (BLS) shows that 12,000 nonfarm payroll jobs were added in October, essentially unchanged month over month. The average…
Deephaven Mortgage, a Charlotte-based lender focused on nonqualified mortgages (non-QM), has recently expanded its home equity offerings with a new closed-end second-lien product and the introduction of a home equity line of credit (HELOC). “Today’s second-lien market presents a significant opportunity,” said Tom Davis, Deephaven’s chief sales officer, in an interview during the Mortgage Bankers…
After a white appraiser slashed the value of a Black woman’s duplex, the Justice Department sued all involved in the assessment, including the nation’s largest lender.